Market research

Castor seeds market in Paraguay

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

From 2018 to 2020, the castor seed market in Paraguay was shaped by varying export demand. In 2019, increased international interest drove exports higher, but a simultaneous drop in production reduced the domestic market volume to 4,530 t. The following year, a decline in export sales made more supply available locally, lifting the market size to 5,190 t despite steady output.

After a production recovery in 2021, output fell sharply to 5,000 t in 2022 and 4,000 t in 2023, pulling the domestic market volume down to 3,160 t. Throughout this period, Paraguay maintained its position as a significant global exporter, ranking eighth worldwide for castor seed exports in 2022.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Paraguay
  1. 5.1.1. Annual dynamics of production in Paraguay in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Paraguay in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Paraguay in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Paraguay by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Paraguay in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Paraguay by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Paraguay, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Paraguay by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Paraguay in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Paraguay by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Paraguay in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Paraguay by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Paraguay, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Paraguay by countries, 2018-2025, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2025
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production castor seeds in Paraguay

In kind, 2018-2021, t

Globally, Paraguay ranked as the 10th largest producer of castor seeds between 2018 and 2021.

Top producers of castor seeds, 2018-2021

Source: SHEV.io

World map of production of castor seeds, 2018-2021

Source: SHEV.io

In 2021, Paraguay produced 7 000 tonnes of castor seeds, marking a solid 16.7% increase from 2020. Production hit its lowest point in 2019 at 6 000 tonnes, with the largest decline that year of 14.3%.

Annual dynamics of production in Paraguay in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(14.3%)	-	16.7%	-

Source: SHEV.io

In value, 2018-2021, K $ US

Following two years of losses, Paraguay's castor seeds production volume rebounded. In 2021, the output was valued at 3 911 thousand US dollars, showing a robust year-over-year advance of 17.9%. From 2018 to 2021, production decreased by 21.4%, which translates to an annualized rate of 7.7%. The minimum value occurred in 2020 at 3 318 thousand US dollars, while the largest decline was in 2019 at 22.8%.

Annual dynamics of production in Paraguay in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(22.8%)	(13.6%)	17.9%	(7.7%)

Source: SHEV.io

Exports castor seeds from Paraguay

Exports in kind, t

In 2021, Paraguay exported 1 110 tonnes of castor seeds, a steep 37.0% increase compared to 2020. Between 2018 and 2021, exports decreased by 5.1%, equating to an annualized rate of 1.7%. The minimum volume was recorded in 2020 at 810 tonnes, while the maximum was in 2019 at 1 470 tonnes. The largest decline occurred in 2020, dropping by 44.9%.

Annual dynamics of product's exports from Paraguay in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	25.6%	(44.9%)	37.0%	(1.7%)

Source: SHEV.io

From 2018 to 2021, Brazil was the nearly exclusive buyer of castor seeds from Paraguay, accounting for 100.0% of total exports in volume.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Paraguay in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

In 2021, the value of castor seeds exported from Paraguay reached 620.3 thousand US dollars, showing an abrupt uptick of 38.5% from 2020. Between 2018 and 2021, exports decreased by 25.4%, which corresponds to an annualized rate of 9.3%. The minimum value was in 2020 at 447.9 thousand US dollars, while the maximum was in 2019 at 940.7 thousand US dollars. The largest decline occurred in 2020, falling by 52.4%.

Annual dynamics of product's exports from Paraguay in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	13.1%	(52.4%)	38.5%	(9.3%)

Source: SHEV.io

Between 2018 and 2021, Brazil was by far the main destination for Paraguay's castor seeds exports in value terms, representing 100.0% of total flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Paraguay in value, 2018-2021

Source: SHEV.io

Imports castor seeds to Paraguay

Market overview indicates that Paraguay did not import any castor seeds from 2018 to 2021.

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